Chinese gross domestic product (GDP) growth rate could drop to 2% in the first quarter from the fourth quarter’s 6% if the coronavirus profile was similar to the SARS experience, according to Westpac’s economics team. That would push the full-year growth rate down to 5.5%, below the bank’s current 5.8% forecast. If China takes six months to contain the virus, its growth rate could slide to near 5%, in which case, officials may deliver stimulus to counter the slowdown, Westpac said, while adding further that the growth of 5.3% for 2020 was the most likely scenario. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next RBA to keep interest rates on hold in 2020 – Goldman Sachs FX Street 2 years Chinese gross domestic product (GDP) growth rate could drop to 2% in the first quarter from the fourth quarter's 6% if the coronavirus profile was similar to the SARS experience, according to Westpac's economics team. That would push the full-year growth rate down to 5.5%, below the bank's current 5.8% forecast. If China takes six months to contain the virus, its growth rate could slide to near 5%, in which case, officials may deliver stimulus to counter the slowdown, Westpac said, while adding further that the growth of 5.3% for 2020 was the most likely scenario. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
